LONDON, May 15, 2008 (PRIME NEWSWIRE) -- ThyssenKrupp Access Corp., a subsidiary of ThyssenKrupp AG, has acquired The National Wheel-O-Vator Company Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets LLC initiated the transaction, led the negotiations and acted as the exclusive financial advisor to National Wheel-O-Vator.
"Combining the forces of ThyssenKrupp Access and National Wheel-O-Vator will give builders and consumers more choices to meet their accessibility and home elevation needs," said Thomas Hance, president of ThyssenKrupp Access. "This move solidly positions the new entity as the largest and most comprehensive manufacturer of home elevators and accessibility equipment in North America."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction, including: John Dorey, senior managing director, Mike Parham, managing director, and Richard Rhyu, associate vice president in the U.S. and Paul Teuten, senior managing director, and Miki Dan, vice president in Europe.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. RSM EquiCo Capital Markets, which offers in-depth expertise in 12 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
RSM EquiCo Capital Markets' international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London. The firm is a member of FINRA and SIPC.
About The National Wheel-O-Vator Company, Inc.
Wheel-O-Vator (www.wheelovator.com) is based in Roanoke, Ill. and has facilities in Eureka, Ill. and Berwick, La. Wheel-O-Vator was established in 1982, and is a leading manufacturer of a full line of handicap accessibility equipment, such as vertical and inclined wheel chair lifts and residential elevators. The company's products are state-of-the-art and its engineers strive to constantly remain at the cutting edge of the industry. Revenues in 2007 were $42 million.
About ThyssenKrupp Access Corporation
ThyssenKrupp Access (www.tkaccess.com), headquartered in Grandview, Mo., has been the world's leading accessibility equipment and home elevator manufacturer since 1947. Equipment manufactured at its plant include stair lifts, wheelchair lifts and elevators for both residential and commercial use. ThyssenKrupp Access has more than 1,000 dealers nationwide, along with 19 company-owned and operated field sales offices. ThyssenKrupp Access is a wholly owned subsidiary of ThyssenKrupp AG (www.thyssenkrupp.com), which is based in Dusseldorf, Germany.